michigan

Grand Opening Celebration for The McDaniel Apartments at Andy’s Place II

Andy’s Place Phase II expands nation-leading recovery housing model to support expectant families in recovery. Community leaders, recovery advocates, and public officials gathered in Jackson, Michigan, to celebrate the grand opening of The McDaniel Apartments at Andy’s Place II, a major expansion of Michigan’s first Permanent Recovery Supportive Housing (PRSH) initiative. The newly completed development […]

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Latest Michigan Future Business Index Shows Economic Outlook Weakening Amid Rising Concerns Over Tariffs and Inflation

According to the latest Michigan Future Business Index (MFBI) survey, conducted among 644 small to medium-sized businesses statewide (with 514 completing the survey), concerns over inflation and tariffs are on the rise, while optimism about the economy and business growth is fading. The once-upward trajectory in key performance indicators such as sales, profits, hiring, wages,

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Groundbreaking Ceremony Celebrates the Launch of 4401 Rosa Parks Apartments, Bringing 60 Affordable Homes to Detroit

Michigan dignitaries stand with shovels at Rosa Parks groundbreaking

City and community leaders gathered on Thursday, May 15, 2025, to mark a major milestone in the revitalization of Detroit’s Woodbridge neighborhood with the official groundbreaking of 4401 Rosa Parks Apartments, a new affordable housing community that will bring 60 high-quality homes to the area. The development is the result of a collaborative partnership between

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Grand Opening of The Anchor at Mariners Inn Residential Treatment Facility

Ribbon cutting crowd in front of The Anchor at Mariners Inn sign

New $25.95 Million Residential Substance Use Disorder Treatment Facility in the Heart of Detroit  Detroit, MI – March 17, 2025 – Project development partners Mariners Inn and Cinnaire Solutions celebrated the grand opening today of The Anchor at Mariners Inn, a 65,500-square-foot, state-of-the-art facility that includes residential treatment and housing programs designed to expand critical

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Groundbreaking for Andy’s Place II Marks Major Milestone in Opioid Recovery Housing

Speakers at Andy's Place II groundbreaking with shovels

New Property to be Named The McDaniel Apartments in Honor of Mark McDaniel’s Commitment to Recovery Support  Local leaders, state officials, and community members gathered to break ground on Andy’s Place II, a groundbreaking expansion of Michigan’s first Permanent Recovery Supportive Housing (PRSH) initiative in Jackson. The new development will provide 26 affordable apartments and

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Cinnaire Closes $175 Million Equity Fund 41 to Provide Housing in 4 Midwest States

Infographic with charts showing States' investments and audiences the housing will serve

Low-Income Housing Tax Credit fund will create or preserve more than 1200 affordable homes across the Midwest Cinnaire announced the closing of the Cinnaire Fund for Housing Partnership 41, a $175.4 million multi-investor Low-Income Housing Tax Credit (Housing Credit) fund. The fund comprises 14 investors and will support the creation or preservation of 1,228 affordable

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Residents spearhead community hub project focused on health equity in SE Grand Rapids

When the people have a voice in building and bettering their community, everybody wins. That is exactly what is going on in west Michigan as Cinnaire’s New Markets Tax Credit (NMTC) team recently closed on a multipurpose community hub project led and shaped by more than 250 engaged neighbors and stakeholders. The Boston Square Community

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Cinnaire & Partners Invest in Tommy Car Wash Systems Expansion

New Markets Tax Credit Provides Investment to Support New Headquarters & Manufacturing Facility for Tommy Car Wash Systems  Tommy Car Wash Systems will expand its manufacturing capacity by constructing a new headquarters and manufacturing facility with $13 million in New Markets Tax Credit (NMTC) allocation. Cinnaire, in partnership with Michigan Community Capital (MCC), Huntington Bank,

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Federal Home Loan Bank of Chicago Awards Cinnaire $5.3 Million in Affordable Housing Program Funds

The Federal Home Loan Bank of Chicago (FHLBank Chicago) is granting $29.2 million through its Affordable Housing Program (AHP) General Fund to help finance 49 housing projects located primarily in Illinois and Wisconsin. These funds will support the acquisition, rehabilitation, and new construction of over 2,315 housing units. Cinnaire received a $5.3 million award to

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Cinnaire Announces $175.7 Million Fund to Support Affordable Housing

Cinnaire has announced the closing of a $175.7 million Low Income Housing Tax Credit (LIHTC) fund that will finance the development or preservation of more than 1,648 affordable homes and 2,441 bedrooms in 5 states. Nine investors are participating in the fund, which is Cinnaire’s largest multi-investor equity fund since 2016. “Cinnaire’s new team leading

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Cinnaire’s Permanent Recovery Supportive Housing Initiative Receives Affordable Housing Finance Readers’ Choice Award

The Affordable Housing Finance annual Readers’ Choice Awards honor and recognize outstanding affordable housing developments in ten categories. Projects are selected based on impact on a community, role in overall revitalization or social change, offering outstanding social services and addressing unique challenges. Cinnaire is pleased to announce Andy’s Place, in Jackson, MI, has received the

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